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Gerald Tsai Jr. (Chinese: 蔡至勇; pinyin: Cài Zhìyǒng; March 10, 1929 – July 9, 2008) [1] [2] was an investor and philanthropist who helped build Fidelity Investments into a mutual fund powerhouse.
Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts.. Established in 1946, the company is one of the largest asset managers in the world, with $5.8 trillion in assets under management, and $15.0 trillion in assets under administration, as of September 2024
After a stint in the US Army, he became a research analyst at Fidelity Investments in 1957, a company founded by his father in 1949. He later became the portfolio manager for the Fidelity Trend Fund in 1960 and ran the famous Fidelity Magellan Fund from 1963 to 1977. He then became president of the company in 1972, and chairman and CEO in 1977.
Fidelity-Philadelphia Trust Company: Farmers National Bank of Bucks County: Fidelity-Philadelphia Trust Company [18] Wells Fargo: 1956 Fidelity-Philadelphia Trust Company: Roosevelt Bank: Fidelity-Philadelphia Trust Company [18] Wells Fargo: 1957 Commercial National Bank: American Trust Co. American Commercial Bank: Bank of America: 1957 Chase ...
Investment approach: Deep value investing, investing in net-net companies whose price was below their cash on hand Ben Graham is hailed as the father of value investing, an approach that tries to ...
Fidelity was one of several companies that helped Elon Musk acquire social media platform X, formerly known as Twitter, back in 2022. The financial company may have lost money on their investment ...
[8] [9] From 1946, he served as the founding chairman of Fidelity Management and Research. [7] By 1958, Johnson managed over $400 million combined with $357 million in the Fidelity Fund and $59 million in his new Puritan Fund. [10] Beginning in 1969, Johnson chaired the board of Fidelity Management and Research. [11]
The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.